Property Overview: 111 Nordstrom Drive, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Island Lakes presents a balanced and above-average offering within its market. Built in 2007, it is notably newer than most homes in Winnipeg, offering modern construction standards without the immediate concerns of an aging structure. With 1,863 sqft of living space, it provides ample room for a growing family, ranking comfortably above average for both the neighbourhood and the city. Key features include a renovated basement, an attached garage, and a private pool—a rare and valuable amenity for family recreation and entertaining.
The appeal lies in its strong positional value. The assessed value places it in the top tiers for Nordstrom Drive, Island Lakes, and Winnipeg overall, suggesting a well-regarded property in a desirable area. The lot size is standard for the street, offering manageable outdoor space without excessive maintenance. This home would best suit buyers looking for a move-in-ready family home in an established, newer suburb. It’s ideal for those who value space, modern amenities like a pool, and a property that holds above-average standing in key metrics compared to its peers.
A thoughtful perspective: While the home ranks highly for its assessed value, this can be a double-edged sword, potentially leading to higher property taxes. Buyers should weigh the prestige and likely quality against this ongoing cost. Additionally, the "renovated basement" is a significant asset, effectively adding usable square footage and flexibility, which is often more valuable than raw above-grade space.
Section 2: Frequently Asked Questions
1. How does this home truly compare in size to others?
At 1,863 sqft, this home is larger than approximately 85% of homes citywide and 76% of homes in Island Lakes, offering substantial living space for the area.
2. Is the assessed value a reliable indicator of the listing or sale price?
Not directly. The assessed value (55.30k) is for municipal tax purposes. The last known sale was in the 45.50k-48.50k range in late 2019. The current market price will be influenced by recent market conditions, the home's updated condition, and buyer demand.
3. What does the "Elite" ranking for Year Built in Island Lakes mean?
Built in 2007, this home is newer than about 98% of properties in Island Lakes, placing it in the top 2%. This suggests you are buying one of the most modern homes in the neighbourhood, which often translates to fewer near-term repairs and updated layouts.
4. Are there any considerations with the in-ground pool?
While a major luxury feature, prospective buyers should budget for seasonal maintenance, potential safety fencing requirements, and higher utility costs. A professional inspection of the pool's equipment and lining is recommended.
5. How can I find out the exact historical sale prices?
The provided sale price data is a range from public records. The listing service offers to provide the exact sale prices via a manual email request, which they aim to fulfill by the end of the same business day without using your email for marketing.